December

Notebook: A- RBI-B Mains

Created: 6/13/2022 10:43 AM Updated: 6/13/2022 5:40 PM
Author: nitinkhari2008@gmail.com

December...

 -> Pradhan Mantri Awaas Yojana Gramin(PMAY-G) implementation extended to March 2024 from March
2021
-> an incentive scheme with a outlay of Rs 1300 crore to promote RuPay Debit cards  and low value (upto
Rs 2000) BHIM-UPI transactions (Person-to-Merchant (P2M)) in India
-> extended implementation of Pradhan Mantri Krishi Sinchayee Yojana(PMKSY) for 2021-26 with an
outlay of Rs 93,068 cr
=> 1st edition of India Young Water Professional Programme (IYWPP) launched for water management
reforms in India under National Hydrology Project
=>Dept of Pension and Pensioners Welfare launched "Unique"face recognition technology for all
pensioners , as a proof of 'life certificate' for pensioners 

this tech is developed by NIC (MeitY) + UIDAI 

=> NITI Aayog launches 'e-Sawaari India e-bus coalition in partnership with Convergence Energy
Service Ltd(CESL)' + World Resource institute, India(WRI India) + Transformative Urban Mobility
initiative(TUMI)
 => AIM, NITI Aayog launched a Vernacular innovation Programme(VIP) to empower the
entrepreneurs and innovators  across India ; VIP will give access to the innovation ecosystem to innovators
and entrepreneurs in English + 22 scheduled languages of India.
=> MoHUA extends timeline for implementation of Smart Cities Mission(SCM) for all 100 participating
cities to June 2023 due to COVID ; The Mission was launched in 2015-16
=> PM Modi from Prayagraj(UP) transferred Rs 1000 crore under DAY-NRLM to Bank Accounts of SHGs

80000 SHGs received a Community Investment Fund(CIF) of Rs 1.10 lakh per SHG and 60000
SHGs received a Revolving Fund of Rs 15000 per SHG.

=> RBI in NEWS...............................
=> RBI superseded Board of Directors  of Reliance Capital using power under RBI Act 1934 ; RBI
appointed Nageswar Rao as New Administrator  ; also appointed 3-member advisory committee to assist
him.
=> RBI has mandated companies to quote 20-digit Legal Entity Identifier(LEI) for Cross-Border
Transactions above Rs 50 cr
=> RBI has extended the card-on-file(CoF) tokenisation deadline to 30 June, 2022
=> RBI's 24th Financial Stability Report(FSR) 2021 

SCB's  GNPA Ratio - 6.90%  ; Net Non-Performing Assets(NNPA) Ratio - 2.30% ; by Sept 2021
for Public Sector banks(PSBs) it is - 8.80% and 3.00%
=> RBI released its annual report 'State Finances: A Study of Budgets of 2021-22' : Acc to this the
combined debt-to-GDP ratio  of states will remain 31% by end-March 2022 , worryingly higher than 20%
to be achieved by 2022-23
=> Paytm launches AI based Edtech platform  named 'Paytm Wealth academy' for traders and investors.
2..Shivalik Small Finance Bank signed MoU with fintech firm,Indiagold - to launch India's FIRST Loan
against Digital Gold.
=> SEBI sets up a 7-member ALeRTS committee (Advisory Committee for Leveraging Regulatory and
Technology Solutions)  headed by Madhabi Puri Buch , for early detection of market anomalies
=> National Stock Exchange(NSE) launched a new corporate governance initiative named 'NSE
Prime' which the NSE listed companies can adopt voluntarily.  ; An NSE Prime company needs at least
40% public shareholding as against 25% under SEBI rules.
=> PayPhi is the 1st certified tokenization service for NTS to support tokenization of RuPay cards   ; NTS
- NPCI Tokenization system.
=> Finance Ministry : Number of ATMs in India stood over 2.13 lakh ; 4% installed in rural and semi-urban
areas. 
=> ICICI Prudential Life Insurance(IPRULIFE) is the first Indian insurance company to sign UN's
Principles for Responsible Investment(UNPRI) , to demonstrate commitment towards the environment,
social and governance(ESG) issue . 
=> The International Financial Services Centres Authority(IFSCA) set up a committee for creating a
framework for the transfer of stressed loans from domestic lenders to financial institutions.; Committee is
headed by G Padmanabhan
=> Acc to IMF , Global Debt increased to record $ 226 trillion in 2020 ; global debt rose by 28% in 2020
to 256% of GDP .
=> GoI declares 'Soya Meal' as an Essential Commodity , by amending Essential Commodities Act 1955 -
upto June 2022 with stock limit
=> Acc to MNRE(Ministry of New & Renewable Energy) , India's green energy industry received $7.27
billion FDI from 2014-15 till June 2021
=> Central govt , sets up 2 Sub-committees to lower Crop Insurance Premium under PMFBY 
=> Govt has expanded SCALE Committee  with 3 new members 

SCALE - Steering Committee for Advancing Local Value-Add and Exports ; formed by Mo C&I